WB To Announce New IT Policy To Woo Investors: CM

by Sohini Bagchi    Dec 07, 2017

mamata

The much awaited IT policy in West Bengal is now expected to be announced in January, said Chief Minister Mamata Banerjee said at the Infocom 2017, an annual IT conclave, held in Kolkata. The policy announcement will come at the annual investors’ meet to be held on January 16 and 17.

The state government has been striving to formulate a comprehensive IT policy to woo investment in the sector. In the last six years, it has, in parts, announced policies relating to hardware making, software companies, start-ups, ITeS and for incentivising investments.

Banerjee also added that her government would offer sops to investors. She promised faster clearances, minimum red-tape, property tax waivers, reduced rentals, tax breaks, and more importantly, land availability. According to her, at least 2.6 lakh jobs can be created through IT and we have the space for companies to come and set up shop here. 

She claimed that IT majors including TCS, Cognizant and ITC Infotech have expressed willingness to expand operations in the state. For example of TCS hired around 20,000 new recruits for its Rajarhat campus. Even Cognizant is expanding its presence by adding 15,000 to its workforce here, the Chief Minister claimed.

At the sixteenth edition of Infocom, WB’s additional chief secretary (IT department) Debashis Sen informed, for the state the focus areas for investments would include companies working on fin-tech, cyber security and block-chain technologies. “A Centre of Excellence focusing on imparting training in these areas would also be looked at. A ten-acre plot has also been identified for setting up a fin-tech hub,” he said.

infocom

With the theme “Digital Transformation,” the three-day conference is going to delve into building a digital and connected India, driving innovations, building brands for a digital audience and unleashing the potential of SMEs.

“The future of every industry will be driven by artificial intelligence and robots, creating digital humans,” said Amitabh Ray, managing director of Ericsson Global Services India. However, this may not be a threat to the enterprise. The rise of automation and AI may require companies to reinvent worker roles, assigning some to humans, others to machines, and others to a hybrid team. This will require a new type of HR organization, which retrains workers and creates new policies for managing virtual humans.

“Organizations can begin transforming themselves into agile, fast-moving, dynamic organizations well positioned to support the talent that are both mechanized and human of tomorrow,” he said.

With government and enterprises relying on analytics, mobility, social media and IoT and are shifting from traditional technologies, Bhaskar Ghosh, Accenture Technology Services group chief executive said, A successful digital transformation leads to successful business transformation. So, it is inevitable that CEOs take the charge of the digital strategy of the organization. In other words, CEOs need to think about the long-term business focus and what they want to achieve with the digital transformation.”

Speaking at the event, Lakshmi Narayan Rao, director and leader - digital transformation office, Cisco India and Saarc warned that companies that are not embracing digital transformation will be disrupted by someone else in the industry. However, digital transformation demands a digital ready infrastructure and that’s where enterprises and government should rely on service providers and the ecosystem on the whole.

Experts unanimously agreed that while the road to digital transformation is not always smooth sailing as digital world means adjusting to new roles and demands, embracing new technologies, and tapping into new ecosystems to drive competitive advantages, this should not stop them from adapting to the new digital world. As the only option is to watch the old-world businesses crumble before our eyes as they fail to react to new threats and opportunities.

Over 1,200 delegates and 100 speakers from large companies, small and medium enterprises and governments will attend the event. Delegates from Bangladesh, Sri Lanka, Nepal, Bhutan and other Saarc countries will be present at the conclave.